One mile of Ocean Front, $1.6 Billion , One Incredible Real Estate Development.
OMAGINE INC. THROUGH ITS WHOLLY OWNED SUBSIDIARY IS A REAL-ESTATE DEVELOPMENT, ENTERTAINMENT AND HOSPITALITY COMPANY FOCUSING ON MIDDLE EASTERN DEVELOPMENT.
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Dilution may be Minimal

Posted by: starpick on December 18, 2007 10:44AM

Drohan also mentioned that, "Recent residential sales at other tourism projects in Oman have been extremely successful with very robust pricing levels occurring. Given the very energetic real estate market at present and the rapidly spreading knowledge about Oman's desirable tourism attributes, we want to be prudent and have our financial advisors and BankMuscat update our financial models and projections to current valuations to determine the amount of further capital, if any, required."
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Executive Address
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Frank J. Drohan
President and CEO
June 28, 2007

President and CEO Discusses Omagine Development  in an interview from Oman

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